Barclays Issues Positive Forecast for Cheniere Energy (NYSE:LNG) Stock Price

Cheniere Energy (NYSE:LNG - Get Free Report) had its price objective hoisted by stock analysts at Barclays from $202.00 to $253.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the energy company's stock. Barclays's price objective would suggest a potential upside of 0.12% from the stock's current price.

A number of other analysts also recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. The Goldman Sachs Group lifted their target price on Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. TD Cowen increased their price target on Cheniere Energy from $202.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. UBS Group increased their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada raised their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $231.18.

Cheniere Energy Price Performance

LNG stock traded down $0.96 during trading on Thursday, reaching $252.70. The company's stock had a trading volume of 2,454,749 shares, compared to its average volume of 1,980,463. The company's fifty day moving average is $219.76 and its 200-day moving average is $195.33. Cheniere Energy has a 1 year low of $152.31 and a 1 year high of $257.65. The company has a market capitalization of $56.70 billion, a P/E ratio of 16.14 and a beta of 0.99. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the company posted $2.37 EPS. The firm's revenue for the quarter was down 9.5% compared to the same quarter last year. On average, research analysts expect that Cheniere Energy will post 12.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cheniere Energy

Hedge funds have recently added to or reduced their stakes in the company. Octavia Wealth Advisors LLC lifted its position in shares of Cheniere Energy by 3.7% during the third quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company's stock valued at $269,000 after buying an additional 54 shares during the last quarter. Chemistry Wealth Management LLC raised its stake in shares of Cheniere Energy by 5.2% during the 4th quarter. Chemistry Wealth Management LLC now owns 1,241 shares of the energy company's stock worth $267,000 after acquiring an additional 61 shares in the last quarter. Premier Path Wealth Partners LLC lifted its position in Cheniere Energy by 5.4% during the fourth quarter. Premier Path Wealth Partners LLC now owns 1,191 shares of the energy company's stock valued at $256,000 after acquiring an additional 61 shares during the last quarter. MAI Capital Management boosted its stake in Cheniere Energy by 1.5% in the third quarter. MAI Capital Management now owns 4,204 shares of the energy company's stock valued at $756,000 after acquiring an additional 62 shares in the last quarter. Finally, Sapient Capital LLC boosted its stake in Cheniere Energy by 0.9% in the third quarter. Sapient Capital LLC now owns 7,514 shares of the energy company's stock valued at $1,351,000 after acquiring an additional 67 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

About Cheniere Energy

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.